Enel Plans to Sell its Romanian Subsidiary

Enel, a leading electricity company, is looking to sell all or part of its operations in Romania.

ExxonMobil Plans to Exit the Romanian Market

ExxonMobil, an important oil and gas company, is looking to sell its 50% participation in Neptun Deep, an offshore gas project. The asking price for its participation is approx. USD 250 million.


A privatisation plan for part of the Greek State’s 35.48% stake in Hellenic Petroleum (HELPE) will be delayed for next year as current market conditions are not favorable, while the procedure could even be reassessed from scratch, sources have informed.

CEZ Wants to Sell its Romanian Subsidiaries

CEZ, a leading Czech electricity group, will begin the process of selling its assets in Romania.

Privatisation of the Hellenic Electricity Distribution Network Operator

The Greek State is reviewing the options for the privatisation of HEDNO and is considering the regional approach model (split the areas on a geographical basis) in order to enhance the value of the sale of HEDNO.

Overhaul and Upgrade of Thermal Power Plants

Overhaul and upgrade of existing Thermal power plants and construction of new thermal power plants are expected.

PPP in the reconstruction of MHEC “Glaznja” and MHEC “Lipkovo”

On 29 October 2019, the state-owned Joint-Stock Company Water Supply of the Republic of North Macedonia published the Awarding of contract for establishment of public-private partnership for reconstruction of MHEC “Glaznja” and MHEC “Lipkovo” through the electronic system for public procurement.

Possible Sale of Shares in the Largest Slovenian Energy Company, PETROL

The main business activity of the Slovenian largest energy company, Petrol, is trading in oil derivatives, gas and other energy products. The sale of (minority) shares is possible by one or more of the shareholders.

Ongoing Restructuring of the Large State-owned Enterprises

The ongoing restructuring of the large state-owned enterprises in Serbia may lead to further transactions.


JSC ESM has a strategy to improve energy efficiency and reduce its own electricity consumption. The strategy involves several major projects, such as Electricity Compensation in REK Bitola Mines; Replacement of electric motors and their management with frequency regulators for smoke fans and power pumps in TPP Bitola; Energy Efficiency Measures in Subsidiary "Energetika".

SEE Legal Energy & Renewables, Utilities & Natural Resources Practice Group at the Vienna Forum on European Energy Law

The SEE Legal energy partners, Armela Lippmann (Maric & Co), Alexander Chatalbashev (BOYANOV & Co.) and Dragoljub Cibulic (BDK Advokati) attended the 7th Vienna Forum on European Energy Law, organised by the Energy Community on 19-20 September 2019 in Vienna.

KG Law Firm Advises on Financing of Wind Farms in Greece

Kyriakides Georgopoulos Law Firm acted as a joint Greek legal advisor to European Investment Bank and to Alpha Bank A.E. on financing of two wind parks in northern Greece. The financing was structured on a limited recourse project finance basis by means of a long-term facility in the form of a hybrid bond loan governed by the Greek Bond Law No. 3156/2003 and German law, along with relevant Greek law security documents for each Project Company. The European Investment Bank's loan is backed by the EU budget guarantee of the European Fund for Strategic Investments, the financial instrument of the…